Attached files
EXHIBIT 12
FIRST REPUBLIC PREFERRED CAPITAL CORPORATION
(A Majority Owned Subsidiary of First Republic Bank)
STATEMENT OF COMPUTATION OF
RATIOS OF EARNINGS TO FIXED CHARGES
Six Months Ended | Year Ended | |||||||||||||||||||||||||
Dec. 31, 2010 |
June 30, 2010 |
Dec. 31, 2009 |
Dec. 26, 2008 |
Dec. 28, 2007 |
Dec. 31, 2006 |
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($ in thousands) | ||||||||||||||||||||||||||
I. | Earnings: |
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Net income |
$ | 9,314 | $ | 7,073 | $ | 13,887 | $ | 15,881 | $ | 19,410 | $ | 18,456 | ||||||||||||||
Fixed charges excluding preferred stock dividends |
| | | | | | ||||||||||||||||||||
Earnings before fixed charges |
$ | 9,314 | $ | 7,073 | $ | 13,887 | $ | 15,881 | $ | 19,410 | $ | 18,456 | ||||||||||||||
II. | Fixed charges: |
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Preferred stock dividends |
$ | 5,063 | $ | 5,062 | $ | 10,181 | $ | 10,125 | $ | 13,540 | $ | 14,252 | ||||||||||||||
III. | Ratios of earnings to fixed charges |
1.84x | 1.40x | 1.36x | 1.57x | 1.43x | 1.30x | |||||||||||||||||||